Close Menu
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Facebook X (Twitter) Instagram
LATEST:
  • Munich Arena lands Live Nation partnership
  • Real Madrid planning huge new innovation district
  • WRU to explore redevelopment of Principality Stadium
  • Redwood completes acquisition of Reading, SCL Stadium
  • Reale Arena to be fitted with 2,000 extra seats
  • Tech Stack: Formula 1, Wembley and more
YouTube LinkedIn Flickr
Register for #SBS25
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Subscribe
The Stadium BusinessThe Stadium Business
Home»Finance»Real Madrid posts profit despite COVID-19 challenges

Real Madrid posts profit despite COVID-19 challenges

Bradley RialBy Bradley Rial13th September 20223 Mins Read Finance 388 Views
Featured image credit: Vienna Reyes on Unsplash
Share
Facebook LinkedIn Twitter Email WhatsApp Copy Link

Spanish LaLiga football club Real Madrid has posted an operating income for the financial year ending June 30, 2022 of €721.5m (£626m/$734m), an increase of €69m on the previous year, although match-day revenue was limited due to the ongoing redevelopment of the Estadio Santiago Bernabéu.

Real’s EBITDA (earnings before interest, taxes, depreciation and amortisation) for 2021-22 was €203m, compared to €179.6m in 2020-21 and €177m in 2019-20. The club’s net worth also rose from €533.7m to €546.4m.

A profit of €12.9m has been announced, up from the €874,000 profit the club posted in 2020-21 and €313,000 in 2019-20. Real said it is “one of the few big clubs in Europe” that did not incur losses during the two years of the pandemic but added that the loss of revenue caused by COVID-19 since March 2020 is €400m.

Although Real said that the economic impact of the pandemic is gradually subsiding, the impacts still persist, with the club noting that its revenue figure for the 2021-22 financial year is still lower than the amount reached four years ago in 2017-18, and €100m lower than in 2019-20.

The ongoing redevelopment of the Bernabéu meant that the stadium could not operate at full capacity last season, which impacted the club’s match-day revenue. Real said that its management is continuing to focus on cost containment and on actions to improve management and business development in all areas, highlighted by the club’s recent partnership with Sixth Street/Legends.

Earlier this year, Real Madrid sealed a €360m deal with global investment firm Sixth Street and premium experiences company Legends, which will lead to the formation of a new entity aimed at enhancing the non-football activities at the revamped Bernabéu.

The objective of the deal is to elevate the Bernabéu as a “unique venue and a worldwide benchmark” for leisure and entertainment. Real said the funds it receives can be invested across any of its activities, with Sixth Street acquiring the right to participate in the operation of certain new businesses of the Bernabéu for a 20-year period.

Real invested €279.2m in the Bernabéu project in 2020-21, with this figure rising to €537.8m in 2021-22. An arranged loan of €800m is now in place for the project.

The club is projecting revenue of €769.6m in 2022-23, before the disposal of fixed assets, as well as profit before taxes of €5m.

Last month, Real released a drone video showcasing the Bernabéu redevelopment, with the wide-ranging project scheduled to be completed next year.

The video interspersed real-time footage of the ongoing construction work with rendering imagery of what the stadium will look like when completed. One of the main elements of the project is the installation of a retractable pitch system to ensure the stadium can fulfil more of a multi-purpose remit.

COVID-19 Estadio Santiago Bernabeu LaLiga Real Madrid Santiago Bernabéu
Follow on Google News Follow on RSS
Share. Facebook Twitter LinkedIn Email WhatsApp Copy Link
Previous ArticleNaming-rights sponsor sought for Tallaght Stadium
Next Article Premier League matches postponed ahead of Queen’s funeral
Bradley Rial

Related Posts

Design & Development

Real Madrid planning huge new innovation district

15th May 2025780 Views
EMEA

Redwood completes acquisition of Reading, SCL Stadium

15th May 2025
Design & Development

Missouri counters Kansas’ play for Chiefs, Royals

14th May 2025180 Views

Get this News delivered to your inbox

Top Posts

Munich Arena lands Live Nation partnership

15th May 20253 Mins Read

Real Madrid planning huge new innovation district

15th May 20252 Mins Read
YouTube LinkedIn Flickr
  • Home
  • About Us
  • Privacy Policy
  • Job Listings
  • Contact Us
Copyright © 2025 Xperiology. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

X We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Settings to provide a controlled consent.
Read More Settings ACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
__lc_cid2 yearsThis is an essential cookie for the website live chat box to function properly.
__lc_cst2 yearsThis cookie is used for the website live chat box to function properly.
__oauth_redirect_detectorpastThis cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
last_pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
last_pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_first_visit7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_session_limit1 hourAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_start_sessionsessionAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
Save & Accept